What Kind Of Lifestyle Do Traders Crave? (Answers From A 760 Person Survey)
Posted by Timothy Sykes on Tue 18th of Aug, 2009 08:15:46 AM
Tags:
A few months back, I took a reader survey and got some very interesting answers. Over the next few days, I’ll be reporting the findings because I think they’ll help you guys better understand this market niche and its players…and it will make you understand that my instructional study guides are not optional, they’re required. (My real-time trading alerts TIMalerts premium newsletter will help you learn too, but it’s only optional :)
Because the more you know and the more comfortable you are with historical patterns & examples, the better prepared you’ll be to profit from future opportunities!
You might’ve read the first Q&A HERE, here’s the second question:
2. Describe the ideal lifestyle that successful trading will allow you to live
And here’s 760 responses (as many as Wordpress will allow without messing up my blog!):
progress
To go, talk anywhere, everywhere with confidence
Financially independence
Successful, Lavish, Luxurious…Ideally on a yacht in the mediterranean.
time freedom
anything I choose
maintaining the beach style I already live
for me it’s being my own boss
Work from home.
freedom to travel and do things I’d like to do
not tied to a desk for 80 hours a week
Big house, lots of cars, lots of holidays and a distinctly disgraceful amount of surplas money
invest not more than 20% of your total investment in one share
work when i will
I would like to have more time away from the cubicle world I’ve been accustomed to.
Earn income from day trading at home. Be able to “not work” aka not trade on days I feel like taking off to do other things. Afford to travel, etc.
Be able to help some very desperate/poor people around the world
trading and partying
Having enough money to own a home and support a family.
I already live it. But I’d like more money to pay my lawyers
traveling more, giving more away
one day maybe sell out of my business
Retire early
providing a lifestyle with the unnessacary finer things of life.
I want to live like a teenage black rapper.
Free from daily job
Financial independence
Work from home, when I want; put child through college; travel; help family more; no debt + savings for early retirement.
a house in bora bora
No bullshit
I want to be able to buy a house and retire early to trade for a living.
Less work and more time off and time to make my own schedule.
Buy a better house, car and less dependence on job market.
Being capable to trade all day at any time
early retirement
free time to spend with my family and friends
a six figure salary
no boss
financial freedom. Big house, good cars and help others freely
independently
lots of vacations
Financial Freedom to do whatever I want on my own schedule.
Leisurely lifestyle - little to no stress regarding income
A completely discontent life with a constant feeling of never having enough.. thats how most successful traders I know are.
freedom to do what i want when i want!
doing anything you want any time of the day
work when i want to and be able to take time off when i wish
Be your own boss, work from anywhere
Put the kids through college and buy a sailboat.
NOT LOOKING TO GET RICH BUT A LITTLE EXTRA SPENDING CASH IS ALWAYS NICE
Free from daily job.
Just like now…never think about money again
financial independance & early retirenment, have more time for research, And ofcourse have more time with the family…
Freedom to live and trade where I want when I want.
independently wealthy with enough money to retire a couple people
I would love to eventually trade as a profession, making enough money in the market to live comfortably and continue to grow.
Don’t worry be happy
I would like to provide for my grandchildren’s college.
ingenious
No major changes, just have a little more cash in the bank
Not worry about bills
luxury
I want to be an independent scholar.
Two things: 1) I work for myself; 2) I can give away huge sums of money
rich and powerful
do the work I like to do
adf
More free time and vacations (I hope)
Realistically, Debt free, and a slightly better lifestyle. Ideally, hookers and blow for everyone!
Freedom to pursue my own interests and make use of my creativity and abilities.
I look at trading like an extra 20% bonus on my salary each year which allows me to take nicer vacations and drive nicer cars. Ideally I wish I could do it full time and forget about work but I don’t have enough capital to fully support my life through capital gains.
I can work on a job I like to do while having extra income
to trade for a living fulltime with my own capital from home..
reduced working hours
Financially free
working from any place on the world
not having to work
WHere I don’t have to work for anyone else
No job, a ranch in a forest.
time for friends
Make My Own Money, No Boss
comfortable
Very simple. Its all about the freedom!
away from the city
debt free only work during market hours and have all the luxeries i want
Balanced lifestyle with a lot of room for the loved ones
Not looking to get rich but I’d like to remodel my home
Free to pursue my interests without worrying about earning a wage.
Won’t change much, financial security is what i am looking for
Additional cashflow above day job for non-necessities
Allow me to stay home with my two kids
Successful trading will give me a piece of mind more than a lifestyle. A piece of mind that should my regular job hit the skids I will have some alternative means to at least sustain some semblance of income during a jobless period.
Live off of my trading gains
i trade as a hobby,its fun.
More stable cash flows
Less worry about finances.
to be able to have a discent return
Ability to visit often kids and grandkids scattered around the nation.
Retired
Home in suburbs
Extra $
independently able to pay my bills doing something I love
education
Ideally financial freedom, possibly able to quit my job, or at least supplement it for paying for a house, health insurnace, and a few toys!
Spend more times with kids and be able to hire someone to manage my current business
Set my own schedule, financial security
stay at home dad
Larger pool of capital to speculate with, mobility & financial freedom
Ability to work when I want from wherever I want
Fund my kids education, give my family a better and help as many people as possible.
I do the trading for two lifestyle reasons. 1. My personal interest in if the market will move the way I predict, the game of it? I guess is how I would say, was the decision smart enough to not risk it all and still earn. The constant learning as well is fun and keeps me interested. 2nd reason and probably the most important is the lifestyle to teach my kids and wife how to do this so that they can build a life free of debt and have a stream of income that they can build themselves.
Autonomous, financial independence.
cash for the kids as they grow up
freedom to do what I please
One where I don’t live paycheck to paycheck.
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
Related Reading
-
Guest
-
Moneymonk
-
aldain090
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $98,094 (681%)
